The dynamic adjustment of a transition economy in the early stages of transformation

Berg, 1992, Structural adjustment and international trade in Eastern Europe: The case of Poland, Economic Policy, 14, 117, 10.2307/1344514 Bordo, 1982, Currency substitution and the demand for money: Some empirical evidence for Canada, Journal of Money, Credit, and Banking, 14, 48, 10.2307/1991491 Borensztein, 1993, An empirical analysis of the output declines in three Eastern European countries, IMF Staff Papers, 40, 1, 10.2307/3867375 Calvo, 1992, Stabilising a previously centrally planned economy, Poland 1990, Economic Policy, 14, 176 Calvo, 1991, From centrally planned to market economy, IMF Staff Papers, 38, 268, 10.2307/3867100 Calvo, 1977, A model of exchange rate determination under currency substitution and rational expectations, Journal of Political Economy, 85, 261, 10.1086/260586 European Bank for Reconstruction and Development, 1999 European Bank for Reconstruction and Development, 2001 Frenkel, 1982, Exchange rate dynamics and the overshooting hypothesis, IMF Staff Papers, 29, 1, 10.2307/3866942 Gomulka, 1998, Output: Causes of the decline and the recovery Halpern, 1997, Equilibrium exchange rates in transition economies, IMF Staff Papers, 44, 430, 10.2307/3867461 Lahiri, 1991, Money and inflation in Yugoslavia, IMF Staff Papers, 83, 751, 10.2307/3867124 McKinnon, 1973 Mongardini, 2000, Ratchet effects in currency substitution: An application to the Kyrgyz Republic, IMF Staff Papers, 47, 218, 10.2307/3867659 Sahay, 1996, Dollarization in transition economies: Evidence and policy implications, 193 Uribe, 1997, Hysteresis in a simple model of currency substitution, Journal of Monetary Economics, 40, 185, 10.1016/S0304-3932(97)00038-X Wilson, J.F., 1992. Physical currency movements and capital flows. In: IMF Report on the Measurement of International Capital Flows, Part II, Background Papers, pp. 91–97